Eight commercial banks paid N200.19 billion as income tax in the first quarter of 2024 (Q1’24). Data from the Q1’24 Financial Statements of the banks showed that the N200.19 billion represents 203.7 percent year-on-year increase (YoY) when compared to N65.91 billion tax they paid in Q1’23. The banks are Guaranty Trust Bank, GTB (N52.2 billion) , […]
The Aig-Imoukhuede Foundation and Access Bank Group have pledged $300 million in charitable commitments to transform the economic landscape of Africa over the next 20 years. Under the arrangement, Access Bank has committed $200 million and Aig-Imoukhuede Foundation committed $100 million to fund African government initiatives with a proven potential to transform national economic performance. The […]
Federal Competition and Consumer Protection Commission (FCCPC), on Thursday, did not oppose the recent price hike on tariffs and cost of products and services by MultiChoice Nigeria Limited, the owners of Dstv and Gotv. FCCPC made this known through its lawyer, Nikiomari Abeke, before the three-member panel of Competition and Consumer Protection Tribunal (CCPT) sitting […]
The Securities and Exchange Commission, SEC, yesterday, disclosed that crypto exchanges have commenced delisting of the Naira from Peer-to-Peer (P2P) trading platforms. SEC had, last week in collaboration with the Office of the National Security Adviser (ONSA), directed digital currency operators to delist the Naira from their platforms as part of measures to protect the currency […]
The deployment of dispensing pumps for Compressed Natural Gas, CNG, have risen by 233 per cent in six months since November last year. Coordinator and Chief Executive, Presidential Initiative on CNG, Pi-CNG, Mr. Michael Oluwagbemi, disclosed this while addressing journalists during a tour of the Mikano International CNG based vehicle assembly plant in Ogun State. Meanwhile, Mikano has […]
The presidential candidate of the Labour Party in the 2023 election, Peter Obi said the biggest problem of Nigeria’s democracy is the judiciary and not the Independent National Electoral Commission, INEC. Obi stated this at the fifth memorial of late Justice Anthony Aniagolu at the Godfrey Okoye University in Enugu. According to the former Anambra […]
A pressure group within the Labour Party, LP, known as Catalyst Committee, CC, has called on the Independent National Electoral Commission, INEC, and the Judiciary not to succumb to political pressure and show conformity to the rule of law and the Electoral Act 2022, as amended, with regard to the candidacy of the party. The […]
Germany coach Julian Nagelsmann has left Borussia Dortmund forward Karim Adeyemi out of the Die Mannschaft squad for the UEFA Euro 2024 championship, scheduled to take place in Germany next month. The winger was a surprise omission from Nagelsmann ‘s 27-man squad for the tournament in Germany, having had an impressive season for Dortmund. The […]
Rivers Hoopers will face AS Douanes of Senegal in one of the four seeding games in the playoffs of the ongoing 2024 Basketball Africa League at the BK Arena in Kigali next week. The seeding games will take place from May 24 to 25. Both teams met twice in the Sahara Conference last week, each recording […]
President Bola Tinubu has urged the Senate to review and approve a bill aimed at prohibiting athletes from using substances that enhanced their performances. Tinubu’s request was conveyed in a letter read on Thursday on the floor of the upper legislative chamber by the Deputy Senate President, Jibrin Barau. The President stated that the bill […]
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